Camping World Holdings (CWH) Operating Expenses (2015 - 2026)
Camping World Holdings (CWH) reported Operating Expenses of $381.3 million for Q1 2026, down 6.74% on a YoY basis from $408.8 million in Q1 2025, and down 1.81% quarter-over-quarter from $388.3 million in Q4 2025.
Camping World Holdings (CWH) Operating Expenses (2015 - 2026) Analysis & Trends
Camping World Holdings has reported Operating Expenses for 12 years, with the latest figure at $381.3 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 6.74% year-over-year to $381.3 million; the trailing twelve-month figure through Mar 2026 stood at $1.7 billion (down 1.07% YoY), and the FY2025 full-year result was $1.7 billion, up 1.19% from the prior year.
- Operating Expenses for Q1 2026 stood at $381.3 million, down from $388.3 million in the prior quarter.
- The five-year high for Operating Expenses was $462.7 million in Q2 2022, with the low at $355.6 million in Q4 2023.
- Historically, Operating Expenses has averaged $415.3 million across 5 years, with a median of $411.1 million in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses rose 16.8% — and 2023, when it dropped 6.97%.
- Camping World Holdings' Operating Expenses stood at $381.8 million in 2022, then retreated by 6.88% to $355.6 million in 2023, then rose by 10.35% to $392.4 million in 2024, then decreased by 1.04% to $388.3 million in 2025, then declined by 1.81% to $381.3 million in 2026.
- The last three Operating Expenses figures came in at $381.3 million (Q1 2026), $388.3 million (Q4 2025), and $437.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 18.05 Bn | 18.09 Bn | 11.57 Mn | -21.22 Mn |
| 2 | Carvana | 9.49 Bn | 7.89 Bn | 1.27 Bn | 690.00 Mn |
| 3 | Carmax | 6.94 Bn | 6.35 Bn | 605.26 Mn | 611.31 Mn |
| 4 | Lithia Motors | 6.76 Bn | 6.78 Bn | 1.42 Bn | 1.04 Bn |
| 5 | Autonation | 6.51 Bn | 6.45 Bn | 1.21 Bn | 842.20 Mn |
| 6 | Rush Enterprises Inc \Tx\ | 5.19 Bn | 4.97 Bn | 343.80 Mn | 242.63 Mn |
| 7 | Valvoline | 4.57 Bn | 4.48 Bn | 187.00 Mn | 98.70 Mn |
| 8 | Openlane | 3.88 Bn | 3.84 Bn | 256.20 Mn | 454.10 Mn |
| 9 | Group 1 Automotive | 3.69 Bn | 3.65 Bn | 877.90 Mn | 601.60 Mn |
| 10 | Camping World Holdings | 406.89 Mn | 341.58 Mn | 403.34 Mn | 381.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 381.25 Mn |
| Dec 31, 2025 | 388.28 Mn |
| Sep 30, 2025 | 437.89 Mn |
| Jun 30, 2025 | 461.99 Mn |
| Mar 31, 2025 | 408.79 Mn |
| Dec 31, 2024 | 392.37 Mn |
| Sep 30, 2024 | 434.11 Mn |
| Jun 30, 2024 | 452.28 Mn |
| Mar 31, 2024 | 398.18 Mn |
| Dec 31, 2023 | 355.57 Mn |
| Sep 30, 2023 | 435.16 Mn |
| Jun 30, 2023 | 438.43 Mn |
| Mar 31, 2023 | 382.42 Mn |
| Dec 31, 2022 | 381.83 Mn |
| Sep 30, 2022 | 438.16 Mn |
| Jun 30, 2022 | 462.69 Mn |
| Mar 31, 2022 | 411.08 Mn |
| Dec 31, 2021 | 401.27 Mn |
| Sep 30, 2021 | 448.70 Mn |
| Jun 30, 2021 | 454.87 Mn |